AirBit Club Review: Bitcoin ROIs and recruitment

There is no information on the AirBit Club website indicating who owns or runs the business.

The AirBit Club website domain (“bitbackoffice.com”) was registered on the 27th of September 2015, however the domain registration is set to private.

I have read claims that Renato Rodriguez (of ViziNova Ponzi fame) is involved in AirBit Club, but I was unable to independently verify this information.

One anomaly worth pointing out is that Alexa currently estimate that 45% of all traffic to the AirBit Club website originates out of South Korea.

Traffic itself seems to have picked up around mid February, however given the majority of AirBit Club marketing material is in Portuguese and Spanish, South Korea being the largest source of traffic is certainly strange.

Rodriguez is presumed to be the other co-founder of AirBit Club, however I’ve been able to directly link him to the company. /end update

Update 19th May 2016 – An undated photo has surfaced which shows both Gutemberg dos Santos and Renato Rodriguez at what appears to be an Airbit Club recruitment event:

Rodriguez is manning the computers, which suggests an executive role within the company. /end update

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

The AirBit Club Product Line

AirBit Club has no retailable products or services, with affiliates only able to market AirBit Club affiliate membership itself.

The AirBit Club Compensation Plan

The basic gist of the AirBit Club compensation plan is that affiliates sign up and pay a fee.

Of this fee, AirBit Club claim half is put towards bitcoin mining and the other half they pay affiliates with.

In total, there are three AirBit Club affiliate packages:

Executive – $250

Corporate – $500

Pro – $1000

Recruitment Commissions

AirBit Club affiliates are paid to recruit new affiliates.

Once a newly recruited affiliate pays their AirBit Club affiliate membership fee, the recruiting affiliate receives a 20% commission.

ROI Payouts

Purportedly based on bitcoin mining, AirBit Club pay a ROI on investment packages up to 300 times.

The packages will pay affiliates base(d) on the amount of bitcoins mined everyday.

The total bitcoins earned will be split among all members and paid out.

How long a ROI is paid out is determined by how much an AirBit Club affiliate invests:

Executive ($250) – 150 days

Corporate ($500) – 225 days

Pro ($1000) – 300 days

The AirBit Club compensation plan states that between 0.2% to 1.2% of funds invested is paid out daily. There is also a renewal fee charged every 75 ROI payouts.

Renewal fees are charged at a rate of 35% of the ROI paid out across each 75 day ROI period.

Residual Recruitment Commissions (matrix)

Matrix-based residual recruitment commissions in AirBit Club are paid out via a 3×18 matrix.

A 3×18 matrix places an affiliate at the top of a matrix, with three positions directly under them:

These initial three positions form the first level of the matrix, with the second level generated by splitting each of the first three positions into another three positions each (9 positions).

The third level of the matrix is generated in the same manner (27 positions), with each level housing three times as many positions as the previous level.

A 3×18 matrix extends down eighteen levels, with a complete matrix housing over 581 million positions.

Commissions are paid out as positions in the matrix are filled, with positions filled via the direct and indirect recruitment of new affiliates.

For each affiliate recruited who fills a matrix position, AirBit Club pay a once-off $10 commission.

Note that Executive ($250) affiliates are capped at earning on three matrix levels. Corporate ($500) affiliates are capped at seven levels and only Pro ($1000) can earn on all eighteen matrix levels.

Residual Recruitment Commissions (binary)

A binary compensation structure places an affiliate at the top of a binary team, with two positions directly under them:

These two positions form the beginnings of the binary team, split into two sides (left and right).

A binary team structure sees each level of the binary team house twice the amount of positions as the previous level.

When a level of the binary team is filled, another is generated down a theoretical infinite depth.

Commissions are paid out based on recruitment volume, with each AirBit Club affiliate membership generating the following points:

Executive ($250) – 200 points

Corporate ($500) – 400 points

Pro ($1000) – 900 points

For every 200 points matched on both sides of the binary, AirBit Club pay out a $20 commission.

Note that Executive affiliates are capped at $500 a day in binary earnings. Corporate affiliates are capped at $1000 a day and Pro affiliates $10,000.

Retirement Plan Matrix

Participation in the Retirement Plan matrix is optional and costs between $150 and $350 a month.

The matrix size used to pay Retirement Plan commissions is a 3×32. This is the same as a 3×18 matrix, only extended down a total of thirty-two positions (billions of positions).

As with recruitment commissions, Retirement Plan commissions are paid out monthly from charged fees.

positions filled on level 1 of the matrix pay out $20 per position filled

positions filled on levels 2 and 3 of the matrix pay out $10 per position filled

positions filled on levels 4 to 8 of the matrix pay out $20 per position filled

positions filled on level 9 pay out $10 per position filled

positions filled on level 10 to 32 pay out $3 per position filled

Note that affiliates who pay $150 a month can only earn on levels 1 to 3 of the matrix.

Affiliates who pay $250 a month can earn on levels 1 to 7 and affiliates who pay the full $350 a month can earn on all eighteen levels.

Joining AirBit Club

Affiliate membership with AirBit Club is $50 a month plus the purchase of one of the following three packages:

Executive – $250

Corporate – $500

Pro – $1000

The primary difference between the affiliate membership is income potential through the AirBit Club compensation plan.

Participation in the optional Retirement Plan matrix requires an additional payment of between $150 and $350 a month.

Conclusion

Both core components of the AirBit Club MLM opportunity present glaring compliance issues.

On the ROI side of things, AirBit Club offer affiliates a passive ROI purportedly sourced from bitcoin investment.

This first and foremost requires registration with a securities regulator. There is no indication on the AirBit Club website suggesting the company has registered with any such regulator.

Secondly there’s a very real possibility that, while a token amount of bitcoin mining may take place, that AirBit Club simply re-use newly invested funds to pay off existing investors.

This would make it a Ponzi scheme.

The rest of the AirBit Club compensation plan is a combination of “pay to play” and pyramid scheme territory.

The pay to play element is evident in commissions paid out to affiliates determined by how much they invest. This is evident in all components of the AirBit Club compensation plan.

In MLM, commissions should always be based on individual sales performance of products and services – not how much an affiliate spends on membership fees.

The pyramid scheme component is evident in the recruitment commissions AirBit Club pay out. This includes both the direct and indirect residual recruitment commissions paid out via the 3×18 matrix.

In summary, once an affiliate has paid a membership fee, AirBit Club then pays them to recruit other affiliates who do the same.

The Retirement Plan matrix is a pyramid scheme within a pyramid scheme, with monthly affiliate fees shuffled around to pay off those with the largest matrices under them.

All components of the AirBit Club compensation plan require constant recruitment of new affiliates. If this slows down, funds entering the system also slow down and commissions will roll to a stand-still.

At this point AirBit Club will have collapsed, with the anonymous admin(s) doing a runner.

If Renato Rodriguez is indeed involved, one only need look at the collapse of ViziNova to see how the future of AirBit Club will play out.

56 Comments on “AirBit Club Review: Bitcoin ROIs and recruitment”

Please note: there is NO affiliation between this and the popular “airBitz” bitcoin wallet, which is an open source and decentralized SDK wallet and merchant directory (as well as security services specialist in the space, who are located in San Diego, CA).

Again: airbitz.co is in no way affiliated with this.

“Airbit Club” is likely trying to ride the coat tails of a familiar name in bitcoin to attract recruits who may associate the similar name, and mistake them as a cloud mining arm of it or something(?), which is certainly not the case.

More BBom is a scheme that is growing in the United States. The SEC must be advised immediately.

The owner is Joao Francisco (facebook.com/profile.php?id=100009807912696&fref=ts). And the United States of America CEO is Obeilson (facebook.com/obeilson.matos?fref=ts) .

This scheme is also growing in Europe and Brazil. People take money in cash and deliver to the leaders at meetings in hotels in exchange for their packages to enter the scheme. Please advise the authorities.

So it’s not something legal? also on the website for airbit club it says it was created by Satoshi Nakamoto in the year 2009 is this also fake?

where can I find documentation that this is a scam and that she will lose her money because she is convinced that these people are good people and that she is making money and wants to help others make money.

In case of “income schemes” that sounds too good to be true (i.e. make 33% in days) such schemes should be ASSUMED to be illegal… UNLESS proven otherwise, NO MATTER how “legitimate” they claim to be.

Assume them to be legal is DANGEROUS. There are just too many of such “get rich quick” schemes that are totally scams. Your dear mamita was probably recruited by a friend who was also recruited by a friend, and so on.

What you should show your dear mamita is what were the two leaders in the scheme doing before: scam after scam.

Search Renato Rodriguez and Gutemberg dos Santos on Google, but skip the “cheerleader” sites that are trying to sell you something. What’s left should be interesting read.

Karina and Jose Chairez are also in conjunction with Renato Rodriguez… at first they treat you right then they rip you off blind I sent three transactions worth over $3,000 and the only amount recieved in my coinbase wallet was 2 transactions of $200+ each… major rip off ..

sent a request to the support team but all I got was that it depends on the traders rate.. BTC was up in price not down for a loss..

Plus there is another wallet named ” Revenue from all accounts” and that has big BIG money and I’ve asked how to withdraw this money and I don’t get any response for this everyone has gone silent..

I dont know guys – (Ozedit: derail attempt removed) – but I have been in Airbit Club from last year – February 2016.

I have there till now 15 my own accounts for $1000 they already payed out completteky and brought me all money – even much more than I axpected !!! , and I did just two weeks ago the new one for 31.000$ – and just got in one week almost $900 back, plus I got 6200 back from myself, because i put new account under myself. AWSOME.

Everything till today working great with not even one single problem. All money I requested I got on my Blockchain wallet. And I made a reall great extra money. there is also around 20 my friends they did packages – and everyone WITHOUT any single problem.

PEOPLE – Dont listen to people they want to hurt this business. Maybe this guys works for some other business and that is how competition do dirty anti-marketing. I LOVE AIRBIT CLUB !!!

So please guys, dont say lies here. Everyone can try and they will see for themself !

A scam is only a scam if you don’t try it. I have joined a trustworthy group about a year ago and I have witnessed successful results.

I’m fortunate to have joined a tight-knit group of people who are intelligent enough to strategize on how to make the money grow and we don’t scheme people. We meet once a month, have regular conversations and help each other out. It is blessing to be part of this group.

Ask for evidence of mining/trading taking place and trading revenue linked to affiliate ROI payments.

You can request data including which bitcoin (or other crypto) “block #’s” they solved and cross reference this from any specific cryptocurrency’s public “Block Explorer” Search function.

If they are claiming to mine bitcoin this can be verified in several ways:

1.) For bitcoin, find the last few Block numbers they claimed to have mined by referencing the data easily available at blockchain.info (use Search function)

Does the name of the company appear next to “block # solved?”

If not, is the name of the “mining pool” consistent on every block they claim to have solved? If so, contact that mining pool and confirm their participation. If not, they’re lying.

2.) If your bitcoin payment is alleged to be based on mining performance, follow the public key address from which you received BTC and try tracing it back to the wallet for which any of the claimed “mined blocks” originated.

Payouts from mining should have originated from the payouts linked to an address associated with the mined block, most likely.

If not, further plausible explanation should be sought – and there MUST BE an original wallet address which Will have been linked eventually to those specific blocks. VERIFY THIS.

I just want to share my personal encounter with Airbit Club. Well, their members rubbed me off in the wrong way.

My aunt opened an Airbit Club account for my dad around August of this year (whish really angered my dad).

When my aunt told me about this, promising us that we will be earning a lot of money even if we will not work, I was skeptical.

I asked her if do we need to invite people in order to earn or have income; however, she told me that no as Airbit Club is “not a networking scheme”. She even elaborated that she is “allergic” with “networking scheme”.

Then, she urged me to attend there so called “crypto currency awareness seminar/workshop”, which is misnomer because, when I attended that seminar out of curiosity, their so-called coach did not provide information on what crypto currency are and how it works.

The thing that they talked in that seminar is how will you gain more money if you have more invites. They are even showing these testimonies of people who “became millionaires because of Airbit Club”, or “they offer financial freedom”, a great bait for people who wants to gain easy money.

After the meeting, I asked the “coach” on how will we earn, do we need to trade or to mine in order to gain our income, and she told me that I should not worry since Airbit Club will mine and trade for us and 2% of their income will be distributed to us.

I also observed in that meeting that a lot of people are investing. Why not invest, when your coaches promise you to become a millionaire even if you are sleeping (and of course, to invite other people)?

They are also posting on social media that they had brought their cars and live in luxury because of Airbit Club.

So after that meeting, I tried to study their system, if their so-called promises are really true. Since, I am handling my father’s account and the investment is not from our own pocket, why not check it for yourself?

When I try to compute if I there really an ROI if I won’t invite people, I ended up computing a loss of almost half of their investment.

This is my rough computation:

Package: $1000 (active for 300 business days and renewal of contract every 75 days)

Estimated rewards for 75 days: ~$550

Maintainance fee (assuming that 75 days is 3 months): $297

Renewal fee: $550*0.35=$192.5

Income/75 business days: $550-$297-$192.5 = $60.5

For you contract of 75 days, you will only earn this amount eveytime you renewed your contract you have donated ~$758 to those people who are above your level.

I also tried withdrawing. When I withdraw $100 (minimum withdrawal amount), I only received $75.

So, where is their promise that their members will become millionaires even if they won’t have invites?

And, the other question that is hanging in the back of my mind, is until when can Airbit Club sustain their members (if they have a lot of members around the globe).

It would be a wrong lesson. People tend to blame everyone except themselves. The first one to blame would be “bitcoin”, the second one – liers who created and maintained the system.

Some news from Russia for you, Oz. Airbitclub is still active. Payments now require minimum 200 dollars amount and 35-40 days of waiting to get one.

Russian con men however travel around the country “successfully” inviting hundreds of new followers daily. Around 20-30 families are known to leave their current job and take loans to “invest” it to Airbitclub

Around 6 or 7 russian “leaders” are called now “the ambassadors” of Airbitclub. Meetings in all cities above 1 mln in population are held 3-4 times a week with 200-300 new persons attending them.

Airbitclub has also suffered strange thing: all Russian accounts has been lowered by 98 dollars at once. The company called it “error 26”.

I know some people that are actually on a high place on this company worldwide, with well more than a thousand people below them in the hierarchy and I can confirm that Mr. Gutemberg and Mr. Rodriguez are indeed 2 of the owners of Airbit Club (they claim there are more than 13 ”owners” with some of them being some rich jewish anonymous guys).

Their explanation of the system really sounds like a pyramid scheme and they claim that there is no mining involved, only high speed bitcoin and altcoin trading involving bots on a lot of well known exchanges worldwide.

When asked for proof of trading I was denied access to it, overall it seems shady.

BehindMLM's advertising partners use cookies to collect data for ad personalization and measurement.
For more information on use of collected data and cookies please refer to our Privacy Policy.Accept and closePrivacy Policy